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Theorycraft Games raises $50m in Series B round led by Makers Fund

Theorycraft Games has raised an additional $50 million in Series B funding, led by Makers Fund with participation from NEA and a16z. 

Theorycraft Games will use this raise to continue building out the most talent-dense team in games and to ensure they can keep making deep, 10,000 hour games that are just better when played with friends, like the company’s first game, codenamed Loki.

Featuring an expansive cast of unique heroes, Loki, is a competitive, team-based game of adventure, creativity, and high-stakes combat. With inspiration drawn from Theorycraft’s past collective experiences working on titles like League of Legends, Overwatch, Halo, and VALORANT.

In the past 18 months, Theorycraft Games has attracted a small but mighty team made up of the best developers in the world, including art leadership from VALORANT, Overwatch, and Arcane, technical leadership from VALORANT, League of Legends and Teamfight Tactics, and design/product leadership from Halo, Destiny, Legends of Runeterra and League of Legends. In May, they were joined by Legends of Runeterra game director Andrew Yip, and, most recently, League of Legends game director Jon Belliss.

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